India-based Belrise Industries, a leading manufacturer of automotive components, made its stock market debut on May 28, 2025, with an 11.11% listing premium on NSE. The ₹2,150 crore IPO received a strong response, but the stock saw volatility in early trading hours.
Belrise Industries, an Indian automotive component manufacturer headquartered in Maharashtra, debuted on the Indian stock exchanges—BSE and NSE—on May 28, following its ₹2,150 crore initial public offering (IPO). The company is known for its safety-critical systems and engineering solutions for two-, three-, and four-wheeled vehicles, as well as commercial and agricultural vehicles.
Belrise Industries shares opened at ₹100 per share on NSE, registering an 11.11% premium over the issue price of ₹90. On BSE, the stock opened at ₹98.50, up 9.44%. However, despite the strong listing, early trading saw volatility. As of 10:50 IST, the stock dropped over 5%, trading at ₹94.75 on NSE and ₹94.65 on BSE.
The IPO was open from May 21 to May 23 and received overwhelming demand, with a subscription rate of 41.3 times. Qualified Institutional Buyers (QIBs) subscribed 108.35 times, Non-Institutional Investors (NIIs) 38.33 times, and retail investors 4.27 times. The allotment was finalized on May 27.
Belrise has long-term partnerships with major Original Equipment Manufacturers (OEMs), including Bajaj Auto, Hero MotoCorp, Honda Motorcycle & Scooter India, Jaguar Land Rover, and Royal Enfield. The company reserved 50% of the IPO for QIBs, 15% for NIIs, and 35% for retail investors.
According to grey market trends, the IPO had a premium of ₹21 before listing, suggesting a potential listing price around ₹111. However, market momentum and global cues appear to have tempered post-listing sentiment.
Experts recommend that long-term investors may continue to hold the stock, while more conservative investors may consider booking profits amid short-term volatility.
The IPO proceeds will be used primarily for debt repayment and general corporate purposes. Axis Capital, HSBC Securities, Jefferies India, and SBI Capital Markets were the book running lead managers, while Link Intime India served as the registrar.